
It's writing down assets and setting up reserves to settle these allegations. Co-CEO Jürgen Fitschen insinuated more gloom was to come. The bank, he said, would "be confronted with more developments in these and other matters" [The Putrid Smell Suddenly Emanating From European Banks].
And now, one of these other matters seeped to the surface: the bank had known for years about the impact of commodities speculation on food prices and the havoc it wreaked on people in poor countries. And it had lied to the German Parliament about it.
On June 27, 2012, David Folkerts-Landau, head of Deutsche Bank's DB Research, educated a parliamentary commission about the dire consequences of food price inflation - and what didn't cause it.
Comment: So Wired.com played important propaganda and financing roles in facilitating the domestication of military drones for use against U.S. citizens... why are we not surprised?
'Embedded journalism': Wired.com's propaganda instrumental in preparing Americans for domestic drones
See also: Terminator Obama-2013: The Rise of Domestic Killer Drones for a glimpse of the drone industry's vision for the (imminent) future.